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Nov 16, 2012
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the netherlands saw its economy shrink the most by a dramatic 1.1%. on wall street today, stocks were down after major retailers issued disappointing forecasts and on news that first-time claims for jobless benefits hit an 18-month high. the dow jones industrial average lost 28 points to close at 12,542. the nasdaq fell nearly 10 points to close below 2837. the u.s. postal service reported today it lost nearly $16 billion in the fiscal year that ended in october. that's a record, and it's more than three times the losses of the previous year. much of the shortfall-- so $11 billion-- was in unpaid health benefits for future retirees. in response, postmaster general patrick donahoe called again for congress to pass a postal overhaul bill. the $23 billion global fund to fight aids, t.b. and malaria has fired its top internal watchdog citing unsatisfactory performance. his office had uncovered millions of dollars in financial losses. and, his reports had caused some groups to withhold donations. separately, the fund today named a new executive director, m
the netherlands saw its economy shrink the most by a dramatic 1.1%. on wall street today, stocks were down after major retailers issued disappointing forecasts and on news that first-time claims for jobless benefits hit an 18-month high. the dow jones industrial average lost 28 points to close at 12,542. the nasdaq fell nearly 10 points to close below 2837. the u.s. postal service reported today it lost nearly $16 billion in the fiscal year that ended in october. that's a record, and it's more...
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Nov 9, 2012
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ultimately put the economy in the wrong direction. and that's not good for anyone. >> woodruff: at the same time, i'm sure you know there's a body of thought out there that says some of the concern about the fiscal cliff is exaggerated. even if it didn't happen by january 1 that there would still be time to get things worked out that in other words this timetable is not so urgent, really. >> well, i think that's misplaced. american businesses are already planning for 2013. we take our operating budget to our board on november 29 and we're already gaining our investments and pulling back unemployment until we figure out what the macroeconomic environment is going to do next year. so the sooner we know that, the more we can get about hiring people. so the longer it takes, the more difficult it is to be able to turn things around in 2013. >> woodruff: so each side, mr. bertolini, is arguing they've got public opinion on their side. the republicans are saying the pubc isehind them i believing that to raise taxes on the well-to-do people e
ultimately put the economy in the wrong direction. and that's not good for anyone. >> woodruff: at the same time, i'm sure you know there's a body of thought out there that says some of the concern about the fiscal cliff is exaggerated. even if it didn't happen by january 1 that there would still be time to get things worked out that in other words this timetable is not so urgent, really. >> well, i think that's misplaced. american businesses are already planning for 2013. we take...
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Nov 10, 2012
11/12
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this will bring jobs home, result in a stronger, healthier economy, and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground, and i hope the president will respond today in that same spirit. as i said on wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. >> brown: two senators join us now to discuss where things stand-- democrat ben cardin of maryland and republican bob corker of tennessee. senator corker, let's start with you, we heard in that first clip the president say that the vote on tuesday shows that most americans agree with his approach which includes raising taxes on the wealthy. so he right? what's your reading of the election results? >> well, i don't know. i'm not a good reader of election results. but i do think there is a lot of common ground in the senate, sal ofing this problem. and i think that publicans who nt to solve this problem and i think that's the
this will bring jobs home, result in a stronger, healthier economy, and a stronger, healthier economy means more americans working and more revenues, which is what the president is seeking. this framework can lead to common ground, and i hope the president will respond today in that same spirit. as i said on wednesday, this is an opportunity for the president to lead. this is his moment to engage the congress and work towards a solution that can pass both chambers. >> brown: two senators...
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Nov 8, 2012
11/12
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economy. so i think those are both very significant concerns, and weighed on investors today ask they obviously responded by selling stocks. >> sreenivasan: we heard late today grooeps passed its austerity measures through its parliament. is that likely to give the markets a bounce? >> yeah, i think you're going to get a bounce and i think that will help give it a little bit of a bounce. i'm a little surprised at the austerity measures. there are a lot of unsettled people in greece. the economy of greece is clearly suffering from the austerity measures that have been imposed on greece, an economy that's in a recession. i think those same kind of concern are about the u.s. imposing fiscal restraint in the form of higher taxes and less spending on our enomy. but i think you'll get a little bit of a bounce tomorrow, yes ?rawr all right, health care thanks for your time. a new storm threatened the northeast today with wind, water and snow. its arrival came just over a week after hurricane sandy ba
economy. so i think those are both very significant concerns, and weighed on investors today ask they obviously responded by selling stocks. >> sreenivasan: we heard late today grooeps passed its austerity measures through its parliament. is that likely to give the markets a bounce? >> yeah, i think you're going to get a bounce and i think that will help give it a little bit of a bounce. i'm a little surprised at the austerity measures. there are a lot of unsettled people in greece....
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Nov 14, 2012
11/12
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as china's economy has grown, it has transformed lives and diets. and that's especially true when it comes to meat. this is ms. shong, a beijing meat seller. she grew up in a village in one of china's poorest provinces. >> when i was young my family could only afford to have pork once or twice a year. wpoor andur clothes were covered with patches. >> reporter: she says things got better when the family started raising pigs instead of just working in the fields. over the past 30 years in china, meat consumption per cap to has quadrupled and city gel dwellers eat twice as much meat on average than those back in the countryside. pork reigns supreme. china both produces and consumes about half the world's pork. that increase isn't just about appetite. it's about aspiratn says cornell university's mindy schneider. >> now that many people have the income to do so and buy meat every day if they want to, there's this idea that they're eating meat in revenge. it's the revenge against poverty and scarcity and what felt like struggle. it symbolizes progression
as china's economy has grown, it has transformed lives and diets. and that's especially true when it comes to meat. this is ms. shong, a beijing meat seller. she grew up in a village in one of china's poorest provinces. >> when i was young my family could only afford to have pork once or twice a year. wpoor andur clothes were covered with patches. >> reporter: she says things got better when the family started raising pigs instead of just working in the fields. over the past 30...
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Nov 13, 2012
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moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: the downfall of david petraeus showed no sign of fading into the background today. instead, there was every indication that his admission of adultery will echo far beyond the end of his career at the c.i.a. >> a personal scandal forces c.i.a. director david petraeus to... >> i want to start out with this out of the blue thunder bolt that hit washington friday. >> brown: all weekend in washington the details kept coming along with more questions. after david petraeus' sudden resignation on friday because he had had an extra marital affair quickly revealed to involve his biographer paula broadwell. her book came out last january.
moving our economy for 160 years. bnsf, the engine that connects us. and by the alfred p. sloan foundation. supporting science, technology, and improved economic performance and financial literacy in the 21st century. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> brown: the downfall of david petraeus showed no...
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Nov 15, 2012
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our economy can't afford that right now. certainly no middle-class family can afford that right now. >> reporter: mr. obama signed legislation extending the bush- era tax cuts two years ago, including those affecting the wealthy, but he said today things are different this time. >> well, two years ago, the economy was in a different situation. we were still very much in the early parts of recovering from the worst economic crisis since the great depression. but what i said at the time is what i meant, which is this was a one-time proposition. and you know, what i have told leaders privately as well as publicly is that we cannot afford to extend the bush tax cuts for the wealthy. what we can do is make sure that middle-class taxes don't go up. mandate, i've got one mandate. i've got a mandate to help middle-class families and families that are working hard to try to get into the middle class. that's my mandate. that's what the american people said. they said, "work really hard to help us." that's my mandate. i don't presume t
our economy can't afford that right now. certainly no middle-class family can afford that right now. >> reporter: mr. obama signed legislation extending the bush- era tax cuts two years ago, including those affecting the wealthy, but he said today things are different this time. >> well, two years ago, the economy was in a different situation. we were still very much in the early parts of recovering from the worst economic crisis since the great depression. but what i said at the...